Sunday, December 12, 2010

Exports Rebound, Boosting Economy

Few items on the list surprised me.

Amplify’d from www.wallstreetjournal.com

BY SUDEEP REDDY AND JUSTIN LAHART

Surging global demand for American soybeans, cars, diesel engines and even artwork and antiques has pushed U.S. exports to a level not seen since before the financial crisis, boosting prospects for domestic economic growth.

A 3.2% surge in exports in October, together with a 0.5% drop in imports, sent the U.S. trade deficit to a nine-month low of $38.7 billion, the Commerce Department said Friday. The export gains were broad-based, reflecting stronger sales abroad in industrial materials, food, autos and a host of other categories.

Exports during the month hit their highest level since August 2008, the month before the ...

Exports Rebound, Boosting Economy

Read more at www.wallstreetjournal.com
 

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